Breaking news

Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

by THEFUTURE.TEAM

June 11, 2024

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

Devastating Hollywood Fires Cause Delay In Oscar Nominations

by THEFUTURE.TEAM

January 15, 2025

The ongoing wildfires in California, which have ravaged much of Hollywood, have forced the Academy of Motion Picture Arts and Sciences to delay the announcement of the 2024 Oscar nominations. The nominations, originally scheduled for January 16, will now be announced on Thursday, January 23.

Key Facts

The Oscar nominations voting period has been extended to Friday, January 17, moving from the original deadline of Sunday, January 12.
The 97th Academy Awards ceremony will still take place on March 2 at the Dolby Theatre.
The nominations will be announced live on YouTube.
Academy CEO Bill Kramer and President Janet Young explained in a joint statement that the extension and change in schedule were necessary due to the ongoing fires and their impact on the Los Angeles community. They expressed solidarity with those affected and emphasized the need to accommodate the region’s infrastructure and housing challenges.

Accent

The fires, including the massive Palisades Fire, which has burned over 23,000 acres, continue to ravage the Los Angeles area. The fires have claimed at least 24 lives, and 23 people are still missing. Authorities have evacuated over 90,000 residents.

Tactical Impact

The devastating fires have also led to the postponement of other major industry events. The Writers Guild of America delayed the announcement of its nominations, which were originally set for January 9. The Critics’ Choice Awards, originally scheduled for January 12, have been rescheduled to January 26.

Despite the devastation, the Academy remains committed to supporting the industry and its members during this challenging time.